AMENDED RETURN - EXPLANATION OF CHANGES: |
FORM 990 FOR TURNING POINT BROOKLYN, INC. IS BEING AMENDED TO REFLECT THE FOLLOWING CHANGES TO PAGE 1, PART 1: ORIGINAL AMT AMENDED NET CHG PROGRAM REVENUE (LINE 9): $8,643,020 $8,643,019 (1) OTHE REVENUE (LINE 11): 6,387 6,391 4 TOTAL REVENUE (LINE 12): 9,340,131 9,340,134 3 SALARIES/BENEFITS (LINE 15) $3,843,872 $ 3,847,016 3,144 OTHER EXPENSES (LINE 17) 6,009,062 6,005,921 (3,141) TOTAL EXPENSES (LINE 18) 9,852,934 9,852,937 3 TOTAL ASSETS (LINE 20): $5,064,745 2,046,271 (3,018,474) TOTAL LIABLITIES(LINE 21): 6,967,773 3,949,299 3,018,474 NET ASSETS (LINE 22): (1,903,028) (1,903,028) 0 FORM 990 FOR TURNING POINT BROOKLYN, INC. IS BEING AMENDED TO REFLECT THE FOLLOWING CHANGES TO PAGE 2, PART III: ORIGINAL AMT AMENDED NET CHG PROGRAM EXP (LINE 4A): $6,029,065 $ 5,956,978 (72,087) PROGRAM REV (LINE 4A): 5,876,347 7,678,737 1,802,390 PROGRAM EXP (LINE 4B): $1,291,861 1,819,582 527,721 PROGRAM REV (LINE 4B): 1,259,138 175,805 (1,083,333) PROGRAM EXP (LINE 4C): 913,501 685,571 (227,930) PROGRAM REV (LINE 4C): 890,362 482,107 (408,255) PROGRAM EXP (LINE 4D): 633,213 126,988 (506,225) PROGRAM REV (LINE 4D): 617,173 306,370 (310,803) TOTAL PROGRAM SERVICES EXP: (LINE 4E) 8,867,640 $8,589,389 (278,251) |
AMENDED RETURN - EXPLANATION OF CHANGES: |
FORM 990 FOR TURNING POINT BROOKLYN, INC. IS BEING AMENDED TO REFLECT THE FOLLOWING CHANGES TO PAGE 9: ORIGINAL AMT AMENDED NET CHG MEDICAID REVENUE (LINE 2D): $22,276 $22,275 (1) MISCELLANEOUS (LINE 11A): 6,387 6,391 4 TOTAL REVENUE (LINE 12): 9,340,131 9,340,134 3 CHANGES TO PAGE 10 - FUNCTIONAL EXPENSE ALLOCATIONS: ORIGINAL RETURN ALLOCATED EXPENSES 90% TO PROGRAM AND 10% TO MANAGEMENT & GENERAL, SINCE FUNCTIONAL EXPENSES WERE NOT AVAILABLE AT THAT TIME. THE AMENDED RETURN ALLOCATES SPECIFIC EXPENSES, AND THEREFORE CHANGES EXPENSES REPORTED ON PAGE 10, ALL LINES. TOTAL EXPENSES (LINE 25): ORIGINAL AMT AMENDED NET CHG PROGRAM EXP: $8,867,640 $8,589,389 (278,251) M&G EXP: 985,294 1,211,662 226,368 FUNDRAISING EXP: 0 51,886 51,886 TOTAL EXP: 9,852,934 9,852,937 3 FORM 990 FOR TURNING POINT BROOKLYN, INC. IS BEING AMENDED TO REFLECT THE FOLLOWING CHANGES TO PAGE 11, PART X, COLUMN B: ORIGINAL AMT AMENDED NET CHG CASH (LINE 1) $ 49,616 $ 49,615 (1) GRANTS REC (LINE 3) 3,832,578 814,105 (3,108,473) TOTAL ASSETS (LINE 16) 5,064,745 2,046,271 (3,108,474) ACTS PAY/ACC'D (LINE 17):$5,124,341 1,298,254 (3,826,087) MORT/NOTES(LINE 23): 6,196 0 (6,196) OTHER LIAB (LINE 25): 0 813,809 813,809 TOTAL LIAB (LINE 26) 6,967,773 3,949,299 (3,018,474) TOTAL LIABILITIES & NET ASSETS (LINE 34): $5,064,745 $2,046,271 (3,108,474) |
AMENDED RETURN - EXPLANATION OF CHANGES: |
THE ORIGINAL FORM 990 WAS PREPARED USING THE FINANCIAL INFORMATION AVAILABLE BEFORE THE COMPLETION OF THE AUDITED FINANCIAL STATEMENTS, IN ORDER TO FILE BY THE EXTENDED DUE DATE OF THE RETURN. SIGNIFICANT ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE MADE AFTER FILING. THE RETURN IS BEING AMENDED TO CONFORM TO THE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2015. |
FORM 990, PART VI, SECTION A, LINE 2 |
ALAN GALLO AND JOSEPH FREYER BOTH WORK FOR AMERICAN EXPRESS. |
FORM 990, PART VI, SECTION B, LINE 11 |
PRIOR TO FILING OF FORM 990, THE SAME UNDERGOES REVIEW BY THE FINANCE COMMITTEE, WHICH THEN HANDS IT OVER TO THE BOARD FOR FINAL REVIEW. |
FORM 990, PART VI, SECTION B, LINE 12C |
OFFICERS AND EMPLOYEES ARE REQUIRED TO DISCLOSES, ON AN ANNUAL BASIS, ANY INTEREST THAT COULD GIVE RISE TO CONFLICT OF INTERESTS VIA THE COMPLETION OF A QUESTIONNAIRE. ALL DISCLOSURES OF INTERESTS IN SAID QUESTIONNAIRE ARE COMPILED AND REPORTED BY MANAGEMENT TO THE FINANCE COMMITTEE OF THE BOARD, TOGETHER, IN EACH CASE, WITH THE RESPONSE OR RECOMMENDATION OF MANAGEMENT. THE FINANCE COMMITTEE SHALL DETERMINE IN EACH CASE WHETHER THE RECOMMENDED RESOLUTION IS SATISFACTORY AND, IF NOT, SHALL TAKE SUCH FURTHER ACTION AS IT DEEMS APPROPRIATE. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE BOARD DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES BASED ON INDEPENDENT STUDIES AND COMPARISON WITH INDUSTRY PEERS. |
FORM 990, PART VI, SECTION C, LINE 19 |
AVAILABLE UPON REQUEST. |
FORM 990, PART XII, LINE 2C: |
NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED JUNE 30, 2015. |